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France 24
France 24
Business

Turkish lira rebounds from historic lows amid rate controversy

BUSINESS DAILY © FRANCE 24

After hitting historic lows on Tuesday, Turkey's currency has recovered slightly. The lira has lost 40% of its value against the US dollar since the start of the year, amid a series of controversial interest rate cuts and double-digit inflation.

Meanwhile, as the US leads an international push to release oil supplies and lower prices, we take a look at the history of America's strategic petroleum reserve.

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